:) :) :) I told you so... almost all exchanges deeply tide to banks, FIAT. I just sent to you the answer I got from a crypto exchange, when I asked their bank connections in any meaning, mostly investor, investing, assets holding kind. I got no answer from any. You just find it out later, when it is already too late. Probably not in this case.
This is their 'answer' - I asked few, this one from ByBit:
as i wrote, my favorite part: since the beginning, they haven't halt withdrawals, thats the ultimate proof... :):):) well, it happens once only, and that's more than enough, and that time it is already too late...
I really just get more info about exchanges, but Binance looks like tied to banking, monetary system deeply. Do you know its investors? Still couldn't figure out the amount, but the 2 California based big ones are probably put big money in Binance. (Sequoia, Vertex Venture) I did not check the rest. These investor companies highly depends on banks, so not a sci-fi to imagine domino effect what reach crypto exchanges very fast.
https://app.dealroom.co/companies/binance
https://en.wikipedia.org/wiki/Sequoia_Capital
It would not surprise me, if these investors put billions in Binance... what happens if they can't access to their money in the banks??? Don't mention what happens if Binance directly can't... and pretty much all crypto exchanges directly or inderectly look very similar.
It all goes back to not your keys not your crypto.